✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker TIOmarkets (also called tiomarkets.com), is a Forex, Cryptocurrency and CFD broker. Is TIOmarkets really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review TIOmarkets. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: TIO Markets Ltd.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.
To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by TIOmarkets, we note that it offers 4 different types of account / plans: the Standard Account, the Signature Account, the VIP Account and the VIP Black Account. We leave an image with a little information about each type of account.
Standard Account: more than 120 instruments, leverage up to 1: 200 (or 1: 500 on request), minimum trading volume 0.01 lots, fast withdrawals, customer support, negative balance protection, $ 6 commission per lot.
Account Signature: more than 120 instruments, leverage up to 1: 200 (or 1: 500 on request), minimum trading volume 0.01 lots, fast withdrawals, customer support, negative balance protection, $ 4 commission per lot.
VIP account: more than 120 instruments, leverage up to 1: 200 (or 1: 500 on request), direct spreads, minimum trading volume 0.01 lots, fast withdrawals, customer support, fbasic training, priority level assistance, negative balance protection, $ 2 commission per lot.
VIP Black account: more than 120 instruments, leverage up to 1: 200 (or 1: 500 on request), direct spreads, minimum trading volume 0.01 lots, fast withdrawals, customer support, basic training, advanced training, platinum level support, balance protection negative, $ 0 commission per lot.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that TIOmarkets offers are: the MT4 and MT5 platform.
We will now analyze the different resources and aids for traders that TIOmarkets provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
TIOmarkets provides the following aids or resources to traders or stakeholders: some live charts, video tutorials, really not much more than this.
| Other information about TIOmarkets |
Some more information in case you want to contact the company, or see its website for yourself.
Website: tiomarkets.com
Telephone: does not have.
Email: [email protected]
>>> Assessment on TIOmarkets <<
Ending with this section, in our opinion Do we believe that the TIOmarkets company is reliable? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is an unregulated broker and is based in a country that is unsafe to invest (Saint Vincent and the Grenadines), when looking for reviews about TIOmarkets We did not find any other review, we believe that it is a new broker, without a track record. We suggest using caution.
⛔ Attention ⛔ : in September 2020 CONSOB added TIOmarkets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's September 2020 warning ⚠️⛔ Attention ⛔ : in January 2021 CNMV added TIOmarkets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV January 2021 warning⛔ Attention ⛔ : in June 2021 BCSC added TIOmarkets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BCSC's June 2021 warning ️We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”577 ″]
BCSC has reported them, I'm taking my money out of there.
Hi DEAN, thanks for writing about TIOmarkets. This broker is considered a SCAM. The BCSC (British Columbia Financial Regulator) has put a notice on them, for lack of regulation and misleading their customers (See BSCS link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.